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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Any thoughts on the new BK reform bill? Posted by Craig in LA on March 13, 2005 at 7:37 PM In Reply to: Any thoughts on the new BK reform bill? posted by Jk (the other Jk) on March 12, 2005 at 10:31 AM : I tend to believe the new law may create more foreclosures. Debtors will not be able to use Chapter 7 as easily to wipeout credit card bills: : http://www.bankrate.com/brm/news/pf/20010316a.asp I think you are close to the mark on increasing foreclosures. With most people with credit card debt now shunted to Chapter 13 and the mandatory debt restructuring those people just squeaking by are not going make it. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : I tend to believe the new law may create more foreclosures. Debtors will not be able to use Chapter 7 as easily to wipeout credit card bills: : : http://www.bankrate.com/brm/news/pf/20010316a.asp : I think you are close to the mark on increasing foreclosures. With most people : with credit card debt now shunted to Chapter 13 and the mandatory debt restructuring : those people just squeaking by are not going make it. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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